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29 January 2025 | 3 replies
Unfortunately, I’ve run into a major issue: I received a Stop Work Notice on my property in Covington, GA, because I didn’t have the proper permits for the renovations.I want to resolve this as quickly and smoothly as possible without jeopardizing the project.Can anyone offer advice or share their experience with:1.How to address the Stop Work Notice with the local authorities?
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1 February 2025 | 21 replies
The switch to Avail is to streamline rent payments and keep everything organized for both of us.
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22 January 2025 | 14 replies
Quote from @John Keane: Hey @Trevor FinnAbsolutely, I have the structure mapped out and organized to review with investors.
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26 January 2025 | 13 replies
We currently use Hospitable for 12 properties, and it's working fine, no major issues, and I know they've been expanding with new features.
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15 January 2025 | 15 replies
We used our own cash we had no private investors.The other critical part was that we negotiated a 3 year wind down if our bank did not renew this was critical in 09 it allowed for a semi organized wind down that most of us in the HML space were doing in 09 to 2011 with all of our defaulted loans..
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28 January 2025 | 6 replies
This arrange that you will have will likely be a headache(major assumption on my part).First - Do not do business with a friend.
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23 January 2025 | 10 replies
She has expressed strong interest in managing the property and is very organized, which complements my more scattered approach to things.
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27 January 2025 | 6 replies
I am a capital raiser, real estate and note investor, community organizer, speaker and entrepreneur.
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4 February 2025 | 3 replies
Basically I would upload and organize my photos in RentRedi and I would publish and the lead photo would be like of the driveway or laundry area.
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31 January 2025 | 11 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.